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Insurance
for Freight Forwarders
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Freight
Forwarders Liability |
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Errors
and Omissions |
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Marine
Cargo |
As
a freight forwarder, you undertake and organise the safe, efficient
movement of goods on behalf of an exporter, importer or another
company or person, using the best appropriate means of transport,
for example shipping lines, airlines, hauliers and rail freight
operators. 
Invariably
this is done within the ambit of your trading conditions, most commonly
BIFA Conditions. Your liability policy is designed to provide you
with cover, subject to certain terms and conditions, up to the limits
of liability outlined within your trading conditions, or by international
convention or as otherwise agreed, where appropriate.
The
main conventions affecting international trade to and from the UK
are:
- Hague-Visby
Rules: sea transport.
- CMR
Conventions: road transport.
- Warsaw
Convention: air transport.
The
implementation of the limits of liability applicable under your
trading conditions could mean that a claim made by a customer for
loss or damage to their goods is not met in full, and they could
suffer a financial loss unless they have in place their own marine
cargo insurance.
It
is therefore essential that your customers are informed and are
aware of your trading conditions, before the movement of their goods,
to avoid damaging disputes and exposure to liabilities in excess
of the cover provided within your policy.
This
also provides you with an opportunity of offering marine cargo insurance
to your customers, and in conjunction with our underwriting partners
we can set up an online facility giving you the ability to easily
arrange immediate cover at previously agreed rates, and issue insurance
certificates.
For
further details of the Marine Cargo insurance products please click
here.
Errors
and Omissions
Freight forwarders are exposed to a minefield of various shipping
terms and conditions and customs requirements, and with the huge
quantity of paperwork to handle, mistakes can happen with potentially
unfortunate financial consequences. For your peace of mind you can
extend your policy to protect you from any claims which may be made
against you arising from any breach of duty, negligent act, error
or omission such as incorrect instructions, faulty arrangements
or clerical errors or omissions.
As
well as having access to most leading UK transit insurers, we have
our own policy wording, providing wide cover at very competitive
rates. We also have an agreement with one of our underwriting partners,
to exclude from turnover figures any fuel surcharges in order to
more truly reflect the exposure to insurers.
If
you would like a free, no obligation quotation,
please click on the Contact Us
tab and complete the enquiry form,
or give us a call on 01263 733313.
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ardner
2008